University Housing Portfolio Investment

Multi-Family for Sale
Catylist Listing ID: 30191473
Property Subtypes: Student Housing
Number of Units: 23 Units
Building Size (RSF): 26,299 SF
Gross Building Area: See Agent
Sale Price: $1,000,000
Unit Price: $43,478.26 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/28/2018

Overview / Comments

Portfolio of Rental Houses & Duplexes


Finance Data Year 2018
Potential Rental Income $164,340 (Annual)
Gross Operating Income $159,660 (Annual)
Net Operating Income $85,130 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Akron
County: Summit
Taxing Authority: Akron, Summit County, OH
Tax ID/APN: 6861076
Percent Occupied: 913%
Property Located Between: Grant St to West, East Exchange to North OH 8 to East, and Voris to South
Total Number of Buildings: 21
Property Condition: Fair
Number of Stories: 2
Year Built: 1940
Roof Type: Gable
Parking Description: Each Unit has available free parking

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,134 139,918 278,462
Median Age: 27.98 35.15 38.15
Households: 5,903 56,871 118,424


Photograph of Listing Agent

Jim Pickard

Pickard Commercial Group
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